Primo Brands Corp (NYSE:PRMB) shares traded -1.69% lower at $29.13 on Wall Street last session.
PRMB stock price is now -8.27% away from the 50-day moving average and -3.43% away from the 200-day moving average. The market capitalization of the company currently stands at $10.97B.
With the price target of $40, Barclays recently initiated with Overweight rating for Primo Brands Corp (NYSE: PRMB). On May 28, 2025, BofA Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $42, while ‘Mizuho’ rates the stock as ‘Outperform’
In other news, Lee Tony W, Director sold 50,657,562 shares of the company’s stock on May 12 ’25. The stock was sold for $1,604,324,989 at an average price of $31.67. Upon completion of the transaction, the Director now directly owns 116,210,806 shares in the company, valued at $3.39 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On May 12 ’25, 10% Owner ORCP III DE TopCo GP, LLC sold 50,657,562 shares of the business’s stock. A total of $1,604,324,989 was realized by selling the stock at an average price of $31.67. This leaves the insider owning 116,210,806 shares of the company worth $3.39 billion. A total of 32.00% of the company’s stock is owned by insiders.
During the past 12 months, Primo Brands Corp has had a low of $19.53 and a high of $35.85. As of last week, the company has a debt-to-equity ratio of 1.71, a current ratio of 1.07, and a quick ratio of 0.87. The fifty day moving average price for PRMB is $31.7572 and a two-hundred day moving average price translates $30.33245 for the stock.
The latest earnings results from Primo Brands Corp (NYSE: PRMB) was released for 2025-03-31. The net profit margin was -2.11% and return on equity was -2.83% for PRMB. The company reported revenue of $1.61 billion for the quarter, compared to $1.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 42.08 percent.
